off-the-wire

BUZZ-India's Barbeque-Nation Hospitality slides to 20-month low as Q3 profit halves

Kitco Media
By Reuters
Published:
Updated:
Reuters

** Shares of dining chain Barbeque-Nation Hospitality Ltd fall as much as 4.75% to 804.55 rupees — their lowest since June 3, 2021
** Co posts sharpest intraday fall since Jan. 27, 2023
** BARQ's Q3 consol net profit more than halved to 65.7 mln rupees ($794,726.02)
** Consol rev from ops rose 14.29% to 3.28 bln rupees
** If losses hold, co on track for its fourth consecutive falling session


** Co shares trading below its 50-day, 100-day and 200-day moving averages indicating bearish momentum


** Three analysts covering the stock rate it "buy" or higher while one recommend "hold"; median PT is 1420 rupees


** Stock fell ~33% in 2022
($1 = 82.6700 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru)

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